Survival Fund Registration to be expanded so that it will reach more beneficiaries by FG – The Federal Government of Nigeria through the office of the Vice President , Prof Yemi Osinbajo has announced the need for expansion of Survival Fund and how to make the registration and payment gets to more beneficiaries in all parts of the nation. He said that we must find ways of doing more MSMEs Survival Fund as FG Covid-19 Loan has gotten to millions of people already.

Survival Fund Registration to be expanded so that it will reach more beneficiaries by FG

According to Vice President of Nigeria, Yemi Osibanjo, SAN; he said that the impact of the ongoing Survival Fund shows that there is need for expansion. There is no need to stop here, the scope needs to be expanded for the reach of the benefits to an even larger number of the populace.

This was revealed to us during a virtual meeting held just before the Christmas holidays between Prof. Osinbajo and the Steering Committee of the MSMEs Survival Fund. The meeting was attended by Minister of State for Industry, Trade and Investment, Ambassador Mariam Katagum, Chairperson of the Committee; the Chairman of First Bank, Mrs Ibukun Awosika, the Committee’s Vice Chairperson, among other members.

Survival Fund Statistics on Payment to all categories

So far, the scheme has commenced disbursement to about 500,000 beneficiaries: the Payroll Support Scheme has paid close to 350,000 beneficiaries; almost 166,000 of 300,000 Artisans have benefitted from the Artisan & Transport Scheme; and the Corporate Affairs Commission is ramping up numbers to register 250,000 new businesses free of charge.

Survival Fund Second Batch Registration Portal via www.survivalfund.gov.ng

By the end of December, an approximate of 400,000 Payroll Support beneficiaries would have received salaries for October to December, while structures have been put in place to commence the General Grants and the Guaranteed Offtake Scheme early next year.

CAC Free Business Name Registration Portal Link for Survival Fund and Loans Application

Speaking on the implementation of the scheme and the need to expand the scope, the Vice President said “the data indicating what you have done so far shows that it is possible for government to deliver big programmes, and to deliver them credibly. And it is possible for people to actually benefit from government programmes especially with as little interference as possible from the political forces which is what has been the bane of several government programmes in the years past.”

How to Contact Survival Fund Enumerators /State Focal Persons for Artisan/Transport Scheme Registration

Furthermore, Prof. Osinbajo noted that, “I think that we must find ways of expanding the scope of the scheme, because when you look at the numbers that we have approval for, the numbers are small in comparison to the enormity of the problems that we are faced with.

“Even if we are able to reach 2 million beneficiaries, it is still a tiny percentage of the millions who require help and assistance. So, I think, we have to find ways of trying to seek an approval to expand the scope of the scheme. This is an important aspect of it.”